Hyundai launches locally made sedan in China: report

NEW YORK (MarketWatch) -- Hyundai Motor Co.
HYMZ
said Tuesday it has begun selling a China-made model of its Sonata sedan in the world's most populous country, according to a report from Korean news agency Yonhap. The car is the second Hyundai model built at its Chinese plant. South Korea's top carmaker said in a statement that the move is part of an effort to woo customers in China, but didn't provide a sales target for the market. The launch of the China-made Sonata sedan comes as many analysts expect Hyundai to miss this year's sales target there, the report said. Hyundai originally planned to sell 380,000 vehicles in China this year, but has sold just 253,146 units there in the first 11 months of 2008.

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